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Financial
Why is Amigo Holdings gaining limelight today?
November 23, 2024 03:14 AM AEDT| By Team Kalkine MediaHighlights,Wind-down progress:,Amigo continues to operate the orderly wind-down of its legacy lending business, with no return to shareholders expected.,Claims and redress:,£85.1 million refunded and £72.9 million in cash redress paid to Scheme claim...
River and Mercantile UK Micro Cap (LSE:RMMC) Sees a Drop of 2.4% in Stock Price
November 22, 2024 07:53 PM AEDT| By Team Kalkine MediaHighlights:,River and Mercantile UK Micro Cap stock price declines by 2.4%, trading at GBX 179.50.,Trading volume increases by 6% compared to the average, with 43,930 shares exchanged.,The company operates as a closed-ended equity mutual fund, invest...
Liontrust Asset Management Reports Reduced Profits in Half-Year Results, Maintains Dividend Amid Strategic Cost Savings
November 22, 2024 04:25 AM AEDT| By Team Kalkine MediaHighlights,Gross Profit Decline:,Gross profit decreased to £81.1m, down from £98.6m in 2023.,Profit Before Tax:,Adjusted profit before tax fell to £25.8m, while statutory profit turned positive at £12.5m.,Strategic Actions:,The company has launched a...
FCA Proposes Extended Timeline for Motor Finance Complaint Handling Amid Legal Developments
November 22, 2024 04:12 AM AEDT| By Team Kalkine MediaHighlights,Time Extension Proposal:,The FCA seeks feedback on extending complaint response timelines for non-discretionary commission motor finance cases.,Court Ruling Impact:,Recent judgments mandate transparency on commissions, affecting consumer c...
Three UK Penny Stocks with Market Caps Above £2M Take Centre Stage
November 22, 2024 02:45 AM AEDT| By Team Kalkine MediaHighlights:,The UK market remained flat over the past week, with a 6.1% rise in the past 12 months and forecasted earnings growth of 15% annually.,Penny stocks, while a dated term, refer to smaller companies offering substantial returns, backed by st...
Riverstone Energy Limited Repurchases Shares on the LSE
November 21, 2024 06:44 PM AEDT| By Team Kalkine MediaHighlights:,Riverstone Energy Limited repurchased 21,229 shares as part of its ongoing capital management strategy.,The repurchased shares will be cancelled, reducing the company’s overall share count to 25,412,704.,The move aligns with the company’s...
Greencoat UK Wind Strengthens Treasury with Share Buyback
November 21, 2024 06:34 PM AEDT| By Team Kalkine MediaHighlights:,Greencoat UK Wind has completed the repurchase of 250,000 ordinary shares under its share buyback program.,The repurchased shares will be held in treasury, increasing the total number of treasury shares to over 46 million.,This buyback in...
HSBC Relaunches Premier Wealth Brand in the UK Market
November 21, 2024 12:28 AM AEDT| By Team Kalkine MediaHighlights:,HSBC is relaunching its Premier wealth management brand in the UK, aimed at high-net-worth individuals (HNWIs).,The Premier service will offer 24-hour customer support, financial planning tools, and additional benefits.,HSBC is restructur...
Greencoat UK Wind Initiates Share Buyback Process
November 20, 2024 07:30 PM AEDT| By Team Kalkine MediaHighlights:,Greencoat UK Wind PLC has executed a share buyback, acquiring 250,000 shares at an average price of 126.71 pence per share.,The acquired shares will be held in treasury, reducing the total number of shares in circulation to 2,261,093,015....
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Lloyds Banking Group Launches App to Simplify Access to Benefits and Financial Support
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,Customer-Centric Innovation:,Lloyds launches an app to help customers identify and claim financial support like benefits, energy grants, and council tax discounts.,Tailored Guidance:,The app offers personalized calculations based on user...
Starling Bank Faces Challenges Ahead of Potential IPO Amid Staff Resignations and Penalties
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,New Hybrid Work Policy Sparks Resignations:,CEO Raman Bhatia’s mandate for hybrid staff to work at least 10 days a month in the office has led to employee discontent and resignations.,Limited Office Capacity Adds Pressure:,With only 900 o...
JPMorgan Chase Expands UK Presence with First Credit Card Offering
November 20, 2024 01:33 AM AEDT| By Team Kalkine MediaHighlights:,First UK Credit Card Launch:,JPMorgan Chase unveils its debut credit card to 25,000 UK customers.,Zero-Fee, Digital-First Features:,The card offers 0% interest on purchases, no foreign exchange fees, and instant credit scoring via its app...
Goldman Sachs Maps Market Strategy for 2025 Under Trump’s Presidency
November 19, 2024 11:22 PM AEDT| By Team Kalkine MediaHighlights:,Focus on Mid-Cap and Growth Opportunities:,Mid-cap stocks and small business-tied equities are positioned for outperformance in a pro-business environment.,AI-Driven Revenue Growth:,Companies in advanced AI applications are highlighted as...
GSTechnologies Makes Strides Toward NASDAQ Listing for Semnet
November 19, 2024 11:11 PM AEDT| By Team Kalkine MediaHighlights:,Semnet NASDAQ Listing Progress:,GSTechnologies signed a binding agreement valuing Semnet at $54 million, with a potential $36 million value for its 67% stake.,Strategic Partnership with Trident Global Capital:,Trident to handle listing co...
Abrdn’s leadership is realigned, with a new committee set to steer turnaround plan
November 19, 2024 10:11 PM AEDT| By Team Kalkine MediaHighlights:,Abrdn reshapes leadership team,: The UK-based asset management firm restructures its senior team to improve performance and streamline operations.,New leadership appointments,: Richard Wilson, CEO of Interactive Investor, appointed as Gro...
Strategic Share Buyback Announced by Bank of Georgia Group PLC
November 19, 2024 05:35 AM AEDT| By Team Kalkine MediaHighlights:,Bank of Georgia Group PLC repurchases 5,000 of its ordinary shares.,The buyback is part of the company’s ongoing strategy to enhance shareholder value.,Shares were repurchased at an average price of 4907.18 pence on the London Stock Excha...
Tekcapital Secures £1 Million in Funding to Propel Guident's Expansion and IPO Plans
November 15, 2024 08:35 PM AEDT| By Team Kalkine MediaHighlights:,£1 Million Fundraise:,Tekcapital raised £1 million through a placing and subscription to boost portfolio company Guident's development.,Strategic Allocation:,Funds will support the expansion of Guident’s Remote Monitor and Control Centre...
Close Brothers Faces Uncertainty Ahead of Trading Update Amid Motor Finance Market Chaos
November 15, 2024 08:20 PM AEDT| By Team Kalkine MediaHighlights:,Legal Uncertainty,:,Close Brothers Group (,LSE:CBG,) could face substantial financial liabilities following an Appeal Court ruling on undisclosed car loan commissions.,Potential Mis-selling Claims,:,The case opens the door for widespread...
Tekcapital Plc (AIM: TEK) Raises £1.0 Million to Accelerate Guident's Growth and IPO Plans
November 15, 2024 06:51 PM AEDT| By Team Kalkine MediaHighlights:,Tekcapital raises £1.0m (c.US$1.27m) in a placing and subscription from new and existing shareholders.,Funds will support Guident Ltd's Remote Monitor and Control Centre (RMCC) deployment and planned IPO in 2025.,CEO Dr. Clifford Gross su...
Lloyds Banking Group Finalises £2 Billion Share Buyback Amid Regulatory Scrutiny
November 15, 2024 04:09 AM AEDT| By Team Kalkine MediaHighlights:,Completion of Share Buyback:,Lloyds wraps up a £2 billion share repurchase program, acquiring over 3.68 billion shares.,Strong Capital Position:,The buyback was initiated following robust profits and a healthy capital reserve of £78.1 bil...
AI on the Rise: A Look at Top AI Companies and Their Stocks